Third Quarter News Release - Association for Corporate Growth

October 6, 2003 - Timothy W. Tully, Principal of Tully & Holland, Inc., reported that his consumer products-focused firm completed two sell-side advisory assignments in the third quarter. Tully & Holland advised Calyx & Corolla, the flower lover's flower company, of Vero Beach, FL, a multi-channel direct marketer of fine floral gifts, in its sale to The Vermont Teddy Bear Company, Inc. of Shelburne, VT. Tully & Holland also advised M&I Seafood Manufacturing, Inc. of Baltimore, MD, d/b/a Chesapeake Bay Gourmet®, a maker and direct marketer of branded frozen crab cakes and related products, in its sale to Valor Equity Partners of Chicago, IL.

Tully & Holland, Inc., an investment bank established in 1992, provides M&A advisory, capital raising, and other corporate finance services primarily to retailers, direct marketers, and consumer product manufacturers and distributors, with a special emphasis on catalogers and food companies. Member NASD, SIPC, Direct Marketing Association, National Retail Federation, Association for Corporate Growth, and Massachusetts Food Association.